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Reinsurance Products

The NPA reinsurance program offers a number of advantages compared to what can be obtained by PACE organizations when purchasing insurance individually.

NPA has partnered with Aon Benfield and Partner Re to provide PACE organizations with reinsurance.

The NPA reinsurance program offers the following advantages compared to what can be obtained by PACE organizations when purchasing insurance individually.

Competitive Pricing and Rate Stability

  • Premium Savings Through Program Underwriting Credits: 30 percent in accumulated premium savings through the NPA Shared Services Program compared to commercial market rates for people who are elderly and chronically ill.
  • Highly-Rated Carrier: Underwritten by Partner Re (Best rating: A Excellent; S&P A+).

Premium Refund Feature

  • Based on overall claims experience of participating members.
  • Four consecutive years of refunds totaling $809,310. The most recent refund represents an average 17 percent overall refund of the paid premium.

Broad Coverage and Flexible Terms

  • Broad covered services language reflecting unique PACE capitated exposure.
  • Favorable claim recovery terms under the policy, including extended claim reporting periods and no Average Daily Maximums (ADMs) on recovery found in commercial policies.
  • Lowest minimum premiums in the marketplace, supporting start-up and modest enrollment programs.
  • Lower per-participant deductible options not traditionally available in the commercial stop-loss market.

The long-term success of this program depends on the continuing participation of PACE programs. There is no obligation to participate, and there is no downside to exploring the option. 

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